05/02/2026
FEDERAL MINISTRY OF POWER
PRESS RELEASE
Nigeria Powers Ahead: Federal Government Hands Over 6MW Ikere Gorge Hydropower Project to Quaint Energy
Iseyin, Oyo State, Nigeria – January 31, 2026 – The Federal Ministry of Power has officially handed over the 6-Megawatt Ikere Gorge Hydropower Project in Oyo State to Quaint Energy Limited, signaling a new era of sustainable electricity generation and private sector-led growth in Nigeria.
The handover ceremony, held at the Ikere Gorge Dam site, was attended by the Honourable Minister of Water Resources and Sanitation, Engr. Prof. Joseph Terlumun Utsev, FNSE; His Imperial Majesty, Oba Sefiu Olawale Oyebola Adeyeri III, Aseyin of Iseyinland; senior officials from the Infrastructure Concession Regulatory Commission (ICRC) and the Ogun-Osun River Basin Development Authority (OORBDA); and representatives of Quaint Energy Limited.
Originally developed for water supply and irrigation, the Ikere Gorge Dam has now been repositioned to generate clean, renewable electricity.
The Honourable Minister of Power, Chief Adebayo Adelabu emphasized that the project is not merely an asset transfer but the beginning of a new chapter in Nigeria’s energy sector, driven by operational excellence, sustainability, and private investment.
He commended the synergy between ministries and agencies, noting that collaborative governance has unlocked immense value for the nation.
The people of Oyo State, particularly the Iseyin communities, were celebrated as direct beneficiaries of the project, which is expected to deliver shared prosperity, improved livelihoods, and inclusive development. Quaint Energy Limited was praised for its confidence in Nigeria’s power sector and commitment to operate the facility under strict compliance with safety, environmental, and performance standards.
The handover aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes expanding energy access, strengthening electricity markets, and unlocking Nigeria’s renewable energy potential.
Obida Justina
Head, Press and Public Relations